Mr. Gisle Larsen, Director of Norwegian company Sterner AS, has signed an agreement to start an integrated fish farming cooperation with Mr. Ferry Budiman, Director of PT El Rose Brothers in Indonesia.
“We are very pleased to be working with El Rose Brothers to start a new chapter of onshore fishery products in Indonesia,” Mr. Larsen said at the signing which took place during the 2019 Trade Expo Indonesia (TEI).
“This partnership project can serve as the basis for integrating Sterner’s foreign investment, RAS technology, and clean water management in Indonesia.”
Through the integration of world-class advanced technology in the field of aquaculture, owned by Sterner, Budiman was optimistic that El Rose Brothers would become a leader in the production of high-quality and safe fishery products for consumers.
“We are indeed aiming to become a producer of fishery products with onshore facilities within the next five years that provide products for the domestic and global markets,” Budiman explained.
Indonesian Ambassador to Norway Todung Mulya Lubis, who witnessed the inking of the agreement at the Nusantara Convention Hall, ICE BSD City, Tangerang, on Wednesday 16 October 2019, encouraged all parties to provide support, so that the cooperation could be realised concretely and in accordance with the plan.
“It is necessary to ensure that the project can operate immediately by fulfilling all applicable provisions in Indonesia,” Ambassador Todung stated.
“Thus, this project can support improvement of the national economy and provide benefits for the community, particularly in the province of Yogyakarta and elsewhere in Indonesia.”
The agreement paves the way for substantial investment for development of an onshore fish farming business in Indonesia based on the Recirculating Aquaculture System (RAS) technology.
RAS technology is a crucial component in the production of fish products that are low-carbon and sustainable. Sterner’s RAS technology-based facilities will enable production based on quality assurance, traceability, and managed growth to create a zero-waste and low-carbon environment.
PT El Rose Brothers will start constructing the RAS facility in Yogyakarta Province in 2020, with a planned first-stage production capacity of 2,500 tons annually of white snapper products. The project is planned to usher in investments reaching US$50 million.